Major US stock indexes rose slightly, as investors were cautious in anticipation of the publication of a large block of significant corporate reports this week.
About 30% of the S & P 500 companies are due to release their quarterly results this week, including Coca-Cola (KO), United Technologies (UTX) and Visa (V) on Tuesday; Boeing (BA), Caterpillar (CAT) and Facebook (FB) on Wednesday; Amazon (AMZN), Alphabet (GOOG) and Intel (INTC) on Thursday; McDonald's (MCD) on Friday. Investors will analyze the results of companies to assess the impact of the trade war on corporate results, to find out if the results are weak enough to convince the Fed to take decisive action this year. To date, more than 15% of the companies in the S & P 500 index have already published their quarterly results. According to FactSet, of these companies, 78.5% showed higher-than-expected earnings for the last reporting period and 67% reported quarterly earnings that exceeded estimates. After a good start to the corporate reporting season, analysts polled by Refinitiv now predict that the profits of the S & P 500 companies will show an increase of about 1% y / y, whereas they had previously expected a slight decline.
Investors also continue to monitor the trade negotiations between the United States and China. As the South China Morning Post reported today, US trade representatives are likely to visit China next week to meet with Chinese officials for the first time after the G20.
The focus of market participants was also a new portion of Twitter-criticism from US President Trump to the Fed because of “too strong and fast” rate hikes and stricter policies, in which he also advised the Fed to “reduce more” interest rates at the upcoming meeting 30 July 31. In the meantime, expectations of a deeper rate cut have weakened somewhat. According to the FedWatch CME Group tool, market expectations for a rate cut of 25 basis points at the end of this month are 77.5%. Meanwhile, the likelihood of a more significant decrease Nia - by 50 basis points - is estimated at only 22.5% (against 29.2% a week ago).
Most of the components of DOW finished trading in positive territory (16 of 30). Verizon Communications Inc. was an outsider. (VZ; -1.97%). The growth leader was Intel Corporation (INTC; + 2.30%).
Most sectors of the S & P recorded an increase. The sector of conglomerates grew the most (+ 0.7%). The largest decline was shown by the utility sector (-0.5%).
At the time of closing:
Dow 27,172.65 +18.45 +0.07%
S & P 500 2,985.02 +8.41 +0.28%
Nasdaq 100 8,204.14 +57.65 +0.71%
U.S. stock-index futures rose moderately on Monday ahead of a busy week of corporate earnings. In addition, investors continued to monitor the latest developments in trade negotiations between the United States and China.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 21,416.79 | -50.20 | -0.23% |
Hang Seng | 28,371.26 | -394.14 | -1.37% |
Shanghai | 2,886.97 | -37.23 | -1.27% |
S&P/ASX | 6,691.20 | -9.10 | -0.14% |
FTSE | 7,531.98 | +23.28 | +0.31% |
CAC | 5,569.11 | +16.77 | +0.30% |
DAX | 12,324.20 | +64.13 | +0.52% |
Crude oil | $56.35 | +1.29% | |
Gold | $1,427.40 | +0.05% |
Wall Street. Stocks before the bell
(company / ticker / price / change ($/%) / volume)
ALTRIA GROUP INC. | MO | 50.59 | 0.06(0.12%) | 1212 |
Amazon.com Inc., NASDAQ | AMZN | 1,974.00 | 9.48(0.48%) | 33379 |
American Express Co | AXP | 125.06 | 0.24(0.19%) | 4930 |
Apple Inc. | AAPL | 203.81 | 1.22(0.60%) | 193318 |
AT&T Inc | T | 32.89 | 0.10(0.31%) | 33150 |
Boeing Co | BA | 377.46 | 0.10(0.03%) | 17382 |
Caterpillar Inc | CAT | 136.37 | 0.14(0.10%) | 5270 |
Chevron Corp | CVX | 125.09 | 0.05(0.04%) | 236 |
Cisco Systems Inc | CSCO | 57.61 | 0.25(0.44%) | 6435 |
Citigroup Inc., NYSE | C | 70.94 | 0.02(0.03%) | 932 |
Deere & Company, NYSE | DE | 165.49 | -0.12(-0.07%) | 1001 |
Exxon Mobil Corp | XOM | 75.29 | 0.30(0.40%) | 7582 |
Facebook, Inc. | FB | 199.58 | 1.22(0.62%) | 80666 |
FedEx Corporation, NYSE | FDX | 167.7 | 0.57(0.34%) | 1006 |
Ford Motor Co. | F | 10.13 | 0.08(0.80%) | 121887 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 11.55 | 0.06(0.52%) | 21075 |
General Electric Co | GE | 10.08 | 0.04(0.40%) | 99352 |
General Motors Company, NYSE | GM | 39.85 | 0.37(0.94%) | 1735 |
Google Inc. | GOOG | 1,134.62 | 4.52(0.40%) | 4554 |
Home Depot Inc | HD | 213.65 | 0.61(0.29%) | 630 |
Intel Corp | INTC | 50.08 | -0.19(-0.38%) | 25785 |
International Business Machines Co... | IBM | 149.81 | 0.13(0.09%) | 10741 |
Johnson & Johnson | JNJ | 130.7 | 0.39(0.30%) | 3856 |
JPMorgan Chase and Co | JPM | 113.28 | -0.26(-0.23%) | 7718 |
McDonald's Corp | MCD | 213.1 | -0.77(-0.36%) | 10841 |
Merck & Co Inc | MRK | 81.37 | -0.02(-0.02%) | 157 |
Microsoft Corp | MSFT | 137.12 | 0.50(0.37%) | 148756 |
Procter & Gamble Co | PG | 115.25 | 0.24(0.21%) | 1384 |
Starbucks Corporation, NASDAQ | SBUX | 90.45 | 0.15(0.17%) | 448 |
Tesla Motors, Inc., NASDAQ | TSLA | 258.5 | 0.32(0.12%) | 147745 |
The Coca-Cola Co | KO | 51.49 | 0.10(0.19%) | 4712 |
Twitter, Inc., NYSE | TWTR | 36.95 | 0.18(0.49%) | 38538 |
United Technologies Corp | UTX | 133.44 | 1.05(0.79%) | 1809 |
UnitedHealth Group Inc | UNH | 257.5 | 0.85(0.33%) | 1203 |
Verizon Communications Inc | VZ | 56.7 | 0.11(0.19%) | 5167 |
Visa | V | 179.92 | 0.68(0.38%) | 5585 |
Wal-Mart Stores Inc | WMT | 114.25 | 0.35(0.31%) | 1053 |
Walt Disney Co | DIS | 141.3 | 1.45(1.04%) | 56204 |
Yandex N.V., NASDAQ | YNDX | 39.56 | 0.56(1.44%) | 14773 |
Apple (AAPL) target raised to $247 from $231 at Morgan Stanley
Micron Technology (MU) upgraded to Buy from Neutral at Goldman; target raised to $56
Uber (UBER) initiated with a Hold at HSBC Securities; target $49
Advanced Micro (AMD) initiated with a Neutral at Atlantic Equities; target $28
Intel (INTC) initiated with an Underweight at Atlantic Equities; target $38
July 23
Before the Open:
Coca-Cola (KO). Consensus EPS $0.62, Consensus Revenues $9821.35 mln
Travelers (TRV). Consensus EPS $2.30, Consensus Revenues $7029.57 mln
United Tech (UTX). Consensus EPS $2.05, Consensus Revenues $19583.30 mln
After the Close:
Snap (SNAP). Consensus EPS -$0.10, Consensus Revenues $358.05 mln
Visa (V). Consensus EPS $1.32, Consensus Revenues $5697.26 mln
July 24
Before the Open:
AT&T (T). Consensus EPS $0.89, Consensus Revenues $44969.46 mln
Boeing (BA). Consensus EPS $1.90, Consensus Revenues $19234.93 mln
Caterpillar (CAT). Consensus EPS $3.11, Consensus Revenues $14474.27 mln
Freeport-McMoRan (FCX). Consensus EPS -$0.05, Consensus Revenues $3538.24 mln
United Micro (UMC). Consensus EPS $0.10, Consensus Revenues $36057.38 mln
After the Close:
Facebook (FB). Consensus EPS $1.86, Consensus Revenues $16495.11 mln
Ford Motor (F). Consensus EPS $0.31, Consensus Revenues $35207.39 mln
Tesla (TSLA). Consensus EPS -$0.40, Consensus Revenues $6440.98 mln
July 25
Before the Open:
3M (MMM). Consensus EPS $2.07, Consensus Revenues $8104.90 mln
Comcast (CMCSA). Consensus EPS $0.75, Consensus Revenues $27124.57 mln
Int'l Paper (IP). Consensus EPS $1.01, Consensus Revenues $5774.87 mln
After the Close:
Alphabet (GOOG). Consensus EPS $11.37, Consensus Revenues $38209.42 mln
Amazon (AMZN). Consensus EPS $5.49, Consensus Revenues $62551.58 mln
Intel (INTC). Consensus EPS $0.90, Consensus Revenues $15684.60 mln
Starbucks (SBUX). Consensus EPS $0.73, Consensus Revenues $6661.76 mln
July 26
Before the Open:
McDonald's (MCD). Consensus EPS $2.05, Consensus Revenues $5332.36 mln
Twitter (TWTR). Consensus EPS $0.19, Consensus Revenues $828.10 mln
Yandex N.V. (YNDX). Consensus EPS RUB25.83, Consensus Revenues RUB40378.55 mln
Index | Change, points | Closed | Change, % |
---|---|---|---|
NIKKEI 225 | 420.75 | 21466.99 | 2 |
Hang Seng | 303.74 | 28765.4 | 1.07 |
KOSPI | 27.81 | 2094.36 | 1.35 |
ASX 200 | 51.2 | 6700.3 | 0.77 |
FTSE 100 | 15.61 | 7508.7 | 0.21 |
DAX | 32.22 | 12260.07 | 0.26 |
CAC 40 | 1.79 | 5552.34 | 0.03 |
Dow Jones | -68.77 | 27154.2 | -0.25 |
S&P 500 | -18.5 | 2976.61 | -0.62 |
NASDAQ Composite | -60.75 | 8146.49 | -0.74 |
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